HOU HONG Q 4

What Happened

• Hou Hong Q, President & CEO and a director of Semtech (SMTC), converted 6,484 contingent stock units into common shares on July 1, 2026 and had 3,300 shares disposed to cover tax withholding. The tax-related disposition was at $161.85 per share for proceeds of $534,105. The conversion/settlement shows an exercise/conversion price of $0.00, consistent with restricted stock units (RSUs) rather than option exercises requiring cash.

Key Details

• Transaction date: July 1, 2026 (Form 4 filed July 6, 2026).
• Conversion: 6,484 stock units converted to shares @ $0.00.
• Tax withholding/disposition: 3,300 shares disposed @ $161.85 = $534,105.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each stock unit represents the contingent right to receive one share of Semtech common stock; F2 — vesting schedule: one-third vested July 1, 2025, remainder vests in eight quarterly installments beginning Oct 1, 2025.
• No late-filing flag is indicated in the reported record.

Context

• This appears to be an RSU settlement with shares withheld/sold to satisfy tax withholding — a routine, administrative transaction rather than an open-market investment decision. When RSUs settle at $0 exercise price and some shares are withheld, it commonly reflects tax withholding rather than a deliberate partial sale for investment purposes.